Genius Group Expands Bitcoin Holdings with $18 Million Purchase

Highlights:

• Genius Group has added $18 million in Bitcoin as part of its treasury strategy.  
• Genius Group plans to make consistent weekly Bitcoin investments to reach a $120 million reserve target. 
• The acquisition of XD Academy is set to strengthen its Bitcoin education platform.

Genius Group, a Singapore-based education technology firm, has announced that it bought 194 Bitcoins worth $18 million on December 9. The acquisition brings its total Bitcoin holdings to 194 BTCs. Genius Group completed the acquisition at an average price of $92,728 per Bitcoin.

Genius Group Expands Bitcoin Holdings to $18 Million, Strengthens Bitcoin-First Strategy https://t.co/9hLsBzeCWm via @BitcoinWorldN #cryptocurrency #Btc100k #latestnews pic.twitter.com/UhGbYo6QCp

— Bitcoin World News (@BitcoinWorldN) December 10, 2024

The announcement is part of the company’s ‘Bitcoin First’ strategy it released in November. Under this strategy, at least 90% of its reserves are committed to Bitcoin with an objective of $120 million in Bitcoin holdings. In addition, Genius Group has been consistently acquiring Bitcoin since launching its plan. 

Steady Weekly Investments in Bitcoin

The company has gradually been accumulating Bitcoin since taking its first $10 million purchase in November. This is part of its broader plan to build a robust Bitcoin treasury by investing $2 million, per week, on average. This strategy, according to the company, will protect it from macroeconomic uncertainty and fiat currency volatility.

This approach positions Genius Group to capitalize on Bitcoin’s potential as a long-term store of value. Roger Hamilton, CEO, has noted that Bitcoin’s decentralized nature and finite supply make it the perfect asset. The consistent buying reflects its belief that Bitcoin will play an important role in the digital economy.

Integrating Blockchain into Education

Genius Group is also working to integrate Bitcoin and blockchain technology into its education platform. In particular, the company plans to use Bitcoin’s Lightning Network to enhance its AI-powered education model. It intends to offer on-chain certifications, which are verifiable academic credentials stored on the blockchain.

Additionally, Genius Group aims to create reward systems powered by Bitcoin’s Lightning Network. It will give incentives to both students and teachers on the platform. Genius Group is revolutionizing the education sector by combining blockchain with AI-driven education. By infusing Bitcoin into its educational framework, the company is showing how its future of learning will be.

XD Academy Acquisition Boosts Education

Genius Group has also recently acquired XD Academy, a Bitcoin and blockchain focused learning platform. The acquisition enhances the company’s educational range. The founder of XD Academy was BitMEX, which later became independent under the leadership of Lawrence Linker.

Genius Group acquires blockchain learning platform XD Academy

Genius Group, an AI-based education company that recently added Bitcoin to its balance sheet, has acquired XD Academy, a Bitcoin and blockchain learning platform, according to a Globe Newswire press release. XD…

— CoinNess Global (@CoinnessGL) December 7, 2024

Genius Group will integrate XD Academy’s courses into its platform. The company will add more content related to Bitcoin through these courses, led by prominent voices such as Saifedean Ammous and Arthur Hayes. CEO of XD Academy, Lawrence Linker will join the Genius Group to help expand the Bitcoin Academy. This acquisition complements Genius Group’s broader strategy to build a decentralized education network powered by Bitcoin.

The acquisition of XD Academy aligns with Genius Group’s goal to position itself as a leader in Bitcoin education. The company is tapping into the growing interest in Bitcoin as a topic for learning, from students to CEOs. The company is set to give more details on its plans during an Investor Meeting at Bitcoin MENA 2024 in Abu Dhabi today.